base currency


The first currency in a currency pair. In a currency exchange, the exchange rate is quoted as the units of one currency in terms of a single unit of a base currency. For example, in a currency exchange of U.S. dollars for Japanese Yen, the base currency is the U.S. dollar.

Use base currency in a sentence

You should always try and use the base currency if you can so that you know you are getting the right price.

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I wanted to know the base currency and I was surprised to learn that it was a lot different than I had guessed.

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As I spent a summer in France studying abroad, I quickly learned it would be easier to exchange my US dollars as base currency for Euros.

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